Tag: insurance

IRDAI’s proposed distribution norms ruffle feathers of LIC agents, broker body

September 30, 2026 admin

IRDAI proposed reforms irk LIC agents, brokers | Photo Credit: The Hindu Voicing concerns over the impact of the reforms IRDAI is proposing to norms governing distribution, commissions and expenses, bodies representing insurance brokers and Life Insurance Corporation of India (LIC) agents have urged the insurance regulator to consider the likely repercussions on the jobs…

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IRDAI’s revised norms for those looking to surrender a life insurance policy: Explained

June 17, 2024 admin

The story so far: The Insurance Regulatory and Development Authority of India (IRDAI) on June 12 introduced provisions that would guarantee a better exit payout for life insurance policy holders unwilling or unable to continue paying for their insurance. Providing higher ‘surrender value,’ or the exit payout, was also discussed in a consultation paper floated…

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Make insurance cover for construction workers mandatory for building plan approval in Tamil Nadu : Union

June 7, 2024 admin

Construction workers are hard at work under the scorching sun. File | Photo Credit: Karthikeyan G The Tamil Nadu government should make insurance cover for construction workers mandatory in building plan approval applications, the Tamil Nadu AITUC Construction Workers Union has said. General secretary of the Union N. Selvaraj told The Hindu on Friday that three construction…

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Discrepancies in insurance disbursement baffle Barmer farmers

January 21, 2023 admin

Farmers staging a protest against discrepancies in the disbursement of compensation for loss of crops at Gudamalani in Barmer district in Rajasthan. | Photo Credit: Special Arrangement. A peculiar situation has arisen for farmers in Rajasthan’s Barmer district, where the public sector Agriculture Insurance Company of India (AIC) has released compensation against claims for damage…

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